The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-02
THE STATE OF TRADE.
THE INCLEMENT WEATHER OFF,
SET BIZ
The Extraordinary Demand to An
tIcipate the Interstate Com
merce Law.

NGw YoBx, April 1.-R. G. Dan &
Co., in their We ky trade review, tay:
With three inches OF snow in Virginia,
roads ia many sections almost i'm
pa sable, and Canada railroads
b ocksded by drifts, distribution OF
products is d ficult. But for the ex-
traordinaIy demand to anticipate tie
interstate act, and change OF rates,
this retarding weather would have
been more seriously felt; 81 1t is, dry
goods and boot and shoe dealers COM
plain that, from reg OBS buried In
snoW, small orders come for summer
clothing, and deep mud and bad roads
in many States arrest moyements Of
produce. The businets of the past
month has been RENAL ksbly large,
not only a. New York and Boston;
Chicago reports phenomenal trade,
and other cities az well. Large y this
business has been in anticipation OF
demands for sixty days to come or
m ore. Hence IL is scarcely possible
that a noteworthy unreasonable re-
action should be felt. The opinion
grows that the interstate act
will help the railroads rather
than commerce. Its evident
ndency is to cause lower charges on
local traffic, which Ia the tmlller, I'd
higher charges on he long through
traffic, which for important roads is
the larger. Neither uncertainty nor
activity in ma kets under such cir
camstances indicates much for the
future. Wheat has risen over one
cent, With sales OF 100000 bushels
for the week, exports continuing
heavy. Corn, oats, oil aud pork pro-
| ductP, sugsr and tea have scarcely
changed, with moderate dealings.
| Coffee has advanced quarter. Cattle
| and wool are weaker, with tin and
copper. Cotton has doomed, with
Gales OF 1,098, 2C0 bales at New YORK
in six days. Print cloths are rarely
8. 80 cents, with only 10000 pieces In
sight, egainss 1854 600 pieces two
wears ago. Iron is weaker at Pnila
delphis and Pittsburg. Collapse o.
the coal combinations, and higher anC
fixed rates for transporting coal, DC
not encourage consumers Ina'
other bank ciearings outside OF New
York, ranging Is per cent. above
| last years, indicate more thar
temporary activity ca ano
vet To Judged. But the great reduc
tion OF rates on Canadia1 canals To-
shipments to Canadian ports, ant
the attitude OF the Crane
Trunk toward other tiunl
| liner, foreshadew sharper competition
between Canadian and New Yorl
for warding merchants, as other new
arrangements indicate manufacturing
developments in Canada. The New
Mexican tariff promises larger trath
| In that direction after July lst witt
April settlements over large amount
of money usually return hither, ant
this wear the amount sent to Bostcl
has bsou unusual, dividends psyabl
there reaching $l2,oS2 ,04S, against ~
O6l, Ill lest year. Money has range
from 8 to s per cent. for the weel
but operations to cause stringenc
will now be increasingly difficult ever
dsy, unless an unusual outgo OF NOR
, ey should set in, as in 1884, inp'ace
the return customary in April. IN
? failures during the first quarter OF l8s
!. were smaller in number than in 1873
!. 1885 or 1884 but the aggregate of lii
/. bilitiea was larger than last year, nj
Q because Of general enlarging OF II
a deb.t dness, but because a few unus'
: ally heavy failures were include'
: The failures In the last seven dal
J, number, for the United States, 1875; 4
{ Canada, 81 total, 223, compared Wit
r $50 last week and ga for the corr
J, spending week oil last year